What is Orthopedic Surgical Power Tools Market?
Orthopedic surgical power tools are instruments that are used to perform surgery on bone or bone fragments. It helps in various applications like drilling, sawing, screwing, etc. of human and veterinary orthopedic surgery. Various types and shapes of surgical power tools, for instance, some tools are gun-shaped for operations on long bones or in traumatology, and others are pen-shaped, which is more suitable for microsurgery or small bones.
The market study is being classified by Type (Drill, Saw, Reamer and Others), by Application (Human Orthopedic Surgery and Veterinary Orthopedic Surgery) and major geographies with country level break-up.
Stryker Corporation (United States), Medtronic (Ireland), Zimmer Biomet (United States), Arthrex (United States), Smith & Nephew (United Kingdom), B. Braun (Germany), Brasseler USA (United States), Adeor Medical AG (Germany), OsteoMed (United States) and Saturn Ortho Equipments (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Orthopedic Surgical Power Tools market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Orthopedic Surgical Power Tools market by Type, Application and Region.
On the basis of geography, the market of Orthopedic Surgical Power Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Orthopedic Surgical Power Tools to Replace With Conventional Tools
- Increasing Use of Advanced Technologies and Innovative Tools for Minimal Invasive Surgeries
- Technological Advancements and Innovation of Orthopedic Surgical Power Equipment
- Slow Adoption by Small Hospitals and in Rural Areas Due to Inadequate Fund
- Aging Baby Boomers and Their Increasingly Creaky Joints Has Created Huge Demand
- Less Effectiveness in Cutting Hard Bone Tissue
Market Leaders and some development strategies
In November 2020, Stryker announced the acquisition of Wright Medical to deliver solutions that improve patient outcomes. Wright Medical is a global medical company that offers surgical solutions for upper extremities, lower extremities, and biologics products. The acquisition will create an opportunity for Stryker to increase its market share within the upper extremities market, including the fast-growing foot and ankle market.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Orthopedic Surgical Power Tool Manufacturers, Suppliers and Distributors of Orthopedic Surgical Power Tool, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Orthopedic Surgical Power Tools Market?
"Increasing Demand of Orthopedic Surgical Power Tools to Replace With Conventional Tools
" is seen as one of major growth factors of Orthopedic Surgical Power Tools Market in years to come.
2. Can we have customized study for Orthopedic Surgical Power Tools Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Orthopedic Surgical Power Tools Market?
United States will lead Orthopedic Surgical Power Tools Market in coming years.